Agilyx Eyes IPO for Plastic-to-Oil
Tigard, OR-based Agilyx, which turns plastic into synthetic oil, is gauging a possible public offering after raising a $22 million Series B round. The new investment was led by Kleiner Perkins Caufield & Byers, and included Vancouver, BC’s Chrysalix Energy Venture Capital, Waste Management, and Total Energy Ventures International. Chrysalix’s Brian Wawro told the Portland Business Journal that Agilyx is already discussing IPO possibilities with bankers and could target the end of 2012. But CEO Chris Ulum was more circumspect, telling the Journal that an IPO is one of several potential options.
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